man who collected pennies for 45 yearsman who collected pennies for 45 years

After that first coin, Anders said his penny pile began to grow and he ultimately stopped spending pennies and always made sure whenever he made a purchase, his change contained at least three to four pennies. Your health is important to us. During the five-hour process of counting the pennies, the plastic jugs were hacked open with an ax and hammer. Copyright 2012-2023 Social Sweethearts GmbH. It seems like Anders steady patience and consistent well-wishing has paid off for him. You have to find 100 of them to get a dollar - it is a lot of work. Powered and implemented by FactSet Digital Solutions. Subscribe to our channel: http://bit.ly/FactsVerse Image Credits :Like this content? Anders had no idea how much money his collection would amount to. Even opening the jugs wasn't a simple task -- they were hacked open with an axe. After 45 years of saving, Anders was able to put the money to good use and spend it on a dental bill that had just been issued to him. So, he paid them for pennies? It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. Every penny he had, he kept. I would guesstimate about 400-500,000 pennies?. The extra bonus of income came just in time for him to pay a medical bill.It is said that the world works in mysterious ways, and for Otha Anders and the result of his penny collection, that motto is certainly true! And the kids seemed to love him too.Anders was a family man with a loving wife and children who supported his every move. Not many people think too much of a penny - it is just one cent. Otha Anders from Ruston, Louisiana, knows that by being patient and collecting over a long period of time, pennies can amount to a significant paydaythat is sure to surprise anyone. Although Anders collection contains mostly modern pennies, its crazy to think that if he held onto those coins long enough, theyd soon bring him a fortune as big as a million dollars! Copyright 2021 Obsev.com All Rights Reserved, Man Who Saved Pennies For 45 Years Cashes Out. Back in 2015, he had to finally cash them in becausehis homeowners insurance policy no longer covered his pennies, and he needed some extra cash. When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. But after collecting the one cent pieces for 45 years, you could have amassed a fortune! A lot of us dont really mind the coins in our pocket, especially the ones with the smallest values but there are those who have proven that even the smallest coins can bring in a lot of cash; although youve got to spend decades to collect a lot to actually give you that much money! All rights reserved. He took . The cookie is used to store the user consent for the cookies in the category "Performance". The woman gave Anders a long look before calling her manager. There were simply too many to count so Anders could only guess that his collection contained hundreds of thousands of pennies but really, he had no idea. Their worth is even less still if the government issuing the coins no longer exists. It was a problem that left him devastated. It took at least 5 hours to process his pennies through a coin-counting machine until the sum was revealed. The plastic jugs had to be opened with an ax and hammer, and the bank was not prepared for such a large collection even though Anders had called a week prior to inform them that he would be coming with a colossal amount of pennies. Everyone was staring at him.She looked at him in disbelief. Uh-oh, overstock: Wayfair put their surplus on sale for up to 50% off. Legal Statement. Bank Vice President Jennie Cole told reporters that it was not a typical day at the bank when Anders rolled in with his collection of pennies on a dolly.Im not sure exactly, Anders said. He also stopped spending pennies on purchases, preferring instead to put them in emptywater jugs, the Star reports. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders. Author: Frededreia Willis. The woman stared at him in shock. Otha Anders cashed in his giant penny collection. Their eyes popped as they took in the sight of the sheer amount of pennies. "But if we can help Anders with his endeavors, we are happy to do so.". 2023 FOX News Network, LLC. Anders said he started collecting the coins in the late-1960s. Subscribe here:https://www.youtube.com/factsverse?sub_confirmation=1. And they werent the only establishment to do so. Tell us your tales of coin collections if you have any,and don't forget to show this story to your friends as well! It was by far the most exciting thing that had happened at the bank in a while! He was so serious about his rather unique hobby that he ended up collecting 55 large water jugs filled with pennies. We value his business, as we do all of our customers, she said. The total came out to a whopping $5,136. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. One man, Otha Anders, is one of the rare exceptions in this regard because he's picked up every penny that he has ever come across for the last 45 years! "But if we can help Anders with his endeavors, we are happy to do so.". "Our exchange became competitive by each trying to outdo the other and consequently our collections; his nickels, my pennies began to multiply," he said. How To Determine And Measure Your Ring Size Accurately, Teen Charged With Major Drug Trafficking Has Been Let Off. These cookies will be stored in your browser only with your consent. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. He couldnt believe it. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. "I have not spent a penny in 40-plus years. That was the goal, but I couldnt stop. They seem somewhat worthless, save for the moments when we find pennies on the ground that promise us a day filled with luck. What if you collected pennies as a hobby? All eyes were on the man pulling the trolley behind him. Their worth is even less still if the government issuing the coins no longer exists.But what about Anders coins? Necessary cookies are absolutely essential for the website to function properly. He explained, I wanted the inner satisfaction that God and I acquired this collection., If I was at someones house and I found a penny, I would pick it up and I would keep it, I will always tell the person that if it was a quarter, I would give it back, but since it is a penny, Im keeping it. Louisiana man cashes in penny collection to the tune of $5,000. Powered and implemented by FactSet Digital Solutions. After 45 years of saving the coins and storing them in five-gallon jugs, he wheeled his collection in on a dolly to see how much he had. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me always to be thankful," Anders told the Star.From that moment on, Anders picked up every penny he spotted. This 73-Year-Old Man Has Collected Pennies For 45 Years And Now He's Cashing Out For 45 years, Otha Anders saved his pennies. Photo credit: United News International / YouTube. I never allowed anyone, not even my wife nor children, to give me pennies without being compensated. And that he did, he paid them for the pennies they gave him. There have been days where I failed to pray, and more often than not, a lost or dropped penny would show up to remind me.. His quirky hobby turned out to be a brilliant reminder of how much little things matter. The extra bonus of income came just in time for him to pay a medical bill. Once the first penny was saved, there was no stopping Anders from growing his collection to become the record-breaker that it was in 2015. The bank employees looked at Anders rolling his containers in on dollys and stared at him in utter confusion. But one Louisiana man gathered more than 500,000 pennies over the course of 45 years. RUSTON, La. But once his penny pile began to grow, he became more and more obsessed.So compelling was his idea that penny's represented a god-given gift that he ultimately decided to stop spending pennies himself. Anders had put all the pennies he found into water jugs. After over four decades of this spectacular collection, we wish Anders the very best for his future penny collections as well! He would just find them and save them. In the early 70s, Ota Anders took up an unusual hobby: he began to collect coins in denominations of only 1 penny. As it turns out, he knew Anders quite well, Anders was a longtime, loyal customer who never gave them any problems so immediately knew they wanted to help him. In the end, Anders was always fair about how he came across his pretty pennies. Published: 10/28/2015 8:46:47 AM. than 45 years ago when he found it on the ground. This soon became an obsession until he started saving his own pennies for his hobby. Otha Anders started collecting pennies in the late 1960s. Anders loved his pennies, they were his prized collection. As the report tells it, Otha Anders started more than 45 years ago when he found a penny on the ground and decided to save it. Mutual Fund and ETF data provided by Refinitiv Lipper. But collecting pennies was more than a hobby for Anders. But when they finally did, the actual amount Anders had saved all these years was incredible!When the manager walked out to see who was causing all the ruckus, his face lit up at the sight of Anders. Otha Ander was a supervisor on the Jackson School Board and was passionate about his job. Otha Anders saved his first penny more than 45 years ago when he found it on the ground. Recently, he needed some money and thought that he did have some money stashed in his house; although he wasnt sure how much he actually had. But the amount he eventually managed to collect was staggering. These cookies track visitors across websites and collect information to provide customized ads. https://www.youtube.com/watch?v=Orav4IyjgtE. Asian-American Affairs Reporter, HuffPost. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs.There were simply too many to count so Anders could only guess that his collection contained hundreds of thousands of pennies but really, he had no idea. Little did he know, just how many gifts he was going to receive. Anders saved up an incredible $5,136.14 through collecting pennies for 45 years.For anyone whos trying to work it out, thats $114.14 a year, Anders was able to collect by picking up dirty old pennies left forgotten on the side of a street. This just goes to show that the special meaning he had created with his pennies served him through his life, andstrengthening his relationship with God through this collection was worth more than the money he'd make. Otha Anders cashed in his giant penny collection. "Anders will inform us on where he wants the cashed-in money to be placed," she said. All of us have random coins lying around thatdon't amount to much and cannot always be used to pay for something when we are out shopping. It took five hours to count the pennies; the plastic jugs were hacked open and then the coins were poured into the coin machine bit by bit. And with hundreds of thousands of coins, perhaps one had a valuable error. And you think we have the time to count half a million pennies for you? she laughed. Man Cashes In 500,000 Pennies Collected Over 45 Years. "I became convinced that spotting a lost or dropped penny was an additional God-given incentive reminding me to always be thankful," said Anders, 73. Anders said he has truly enjoyed looking at his penny collection to the extent that in the 1970s, when the U.S. government offered a $25 bonus for every $100 worth of pennies turned in, he refused to cash in his collection. However, you may visit "Cookie Settings" to provide a controlled consent. With the help of friends and family, Otha Anders wheeled in 15 water jugs full of pennies to the bank in Ruston. He also started making more and decisions that would give him more pennies. Anders was hesitant to finally hand in his collection, which he refused to do back in the 1970s, when the government was offering a $25 bonus for every $100 worth of pennies turned in, the News-Star notes. "I would never spend a penny," Anders said. And after acquiring over a half million of these coins, he finally cashed them in on Tuesday at Origin Bank. This website uses cookies to improve your experience while you navigate through the website. How would they be able to count all these pennies? But now, since Anders homeowner's insurance policy does not cover his collection, he has reluctantly turned them in to Origin Bank. Otha Anders, 73, does. As it was, the $5,136 worth of pennies took five hours for Origin Bank in Ruston, Louisiana, to count and process. If Anders had it his way, he would have kept his collection and continued to pick up pennies for many years to come but life would throw him a curveball. This material may not be published, broadcast, rewritten, or redistributed. He says he finally cashed in because his insurance policy won't cover the collection, according to the News-Star. RUSTON, La. But what was he going to do with his saved money? I would never spend a penny, he said. Anders continued to collect his pennies for 45 years until he successfully filled fifteen five-gallon plastic water jugs. When Anders picked up his very first penny, he had no idea that hed continue picking them up for 45 years. — -- Otha Anders is a true believer in the phrase a pretty penny. For 45 years, up until Tuesday, he was the proud owner of a collection containing over half a million of them. The manager of Ed's. . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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